Real Estate Market Update for 47403 (Bloomington, IN)
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 55% from one year earlier, and down 40% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 130-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up nearly 125%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 90-thousand dollars. The number of units sold decreased 33% year-over-year, and held steady month-over-month. Even though sales figures were down from a year ago, the recent local market conditions were basically unchanged. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 47403 (Bloomington, IN)
Area Information for 47403 (Bloomington, IN)
  • Population: 31,957
  • Median Age: 32.03 yr
  • Median Commute Time: 15.58 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 370/sq mi
  • Population Change Since 2000: 25.69%
  • Closest Airport: Indianapolis International
  • Closest College: Indiana University Kokomo
  • Closest Jr. College: Ivy Tech Community College-bloomington
  • Median Household Income: $38,792
  • Annual Residential Turnover: 24.47%
  • Median Years in Residence: 2.72 yr
  • Median Home Sales Price: $120,717
  • Closest Major Sports Team: Colts
  • Change Avg. Household Income Since 2000: 13%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 47403 (Bloomington, IN)
Median Age: 32.03 Married: 30% Number of Households: 14,392 Households with Children: 3,423
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 47403 (Bloomington, IN)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Clear Creek Christian School 4.3 mi Private K-6 5 5
      Lighthouse Christian Academy 4.3 mi Private K-12 3-5 5
      Grandview Elementary School 4.6 mi Public PRESCHOOL-6 2 3
      Clear Creek Elementary School 4.7 mi Public PRESCHOOL-6 2-5 4
      Lora L Batchelor Middle School 4.7 mi Public 7-8 4 5
      Penny Lane West 5.1 mi Private PRESCHOOL-K 0 0
      Penny Lane West 5.1 mi Private PRESCHOOL-PRESCHOOL 0 0
      Summit Elementary School 5.3 mi Public PRESCHOOL-6 2 4
      Highland Park Elementary School 5.7 mi Public K-6 1 4
      Bloomington Graduation School 5.8 mi Public 7-12 0 0
      Bloomington New Tech High School 6.7 mi Public 9-12 3 0
      Kids Club Child Care Cntr 6.9 mi Private PRESCHOOL-K 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 47403 (Bloomington, IN)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.